This property looks like a bad Long-Term investment with a projected -14.05% first-year return on $153k initial cash invested.
-14.05%
Cash On Cash
3.92%
Cap Rate
0.6
DSCR
$3,613
Rent
-$1,792
Cashflow
Cash Flow
$3,613 income − $5,405 expenses = $1,792 out of pocket
Investment Breakdown
|
Purchase Price
$729k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$146k
Closing costs
1%
$7,288
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,613
Total Expenses
$5,405
Mortgage P&I
111%
$3,994
Property Taxes
6%
$209
Home Insurance
7%
$262
HOA
0%
$0
Property Management
10%
$361
CapEx
5%
$181
Vacancy
6%
$217
Maintenance
5%
$181
Other
0%
$0